Sail Pension Scheme 2025 – The Steel Authority of India Limited (SAIL) has launched a Pension Scheme for its former employees. In this updated article, we will provide essential information regarding the Sail Pension Scheme introduced by the respective authorities. We will cover details such as eligibility criteria, required documents, and the registration process as finalized for 2025.
About Sail Pension Scheme
The Sail Authority has established a pension scheme under the guidelines of the Department of Public Enterprises, Government of India. This pension initiative is approved by the Ministry of Steel and the SAIL Board. The scheme aims to provide pensions to retired employees of the Ministry of Steel and the SAIL Board.
प्रधानमंत्री श्रम योगी मानधन योजना
Overview of Sail Pension Scheme
| Name | Sail Pension Scheme |
| Launched by | Ministry of Steel & SAIL Board |
| Objective | Providing pensions |
| Beneficiaries | Ex-employees |
| Official website | sail.co.in |
Eligible Beneficiaries under Sail Pension Scheme
The Sail Pension Scheme covers the following beneficiaries:
- Executives (including management trainees) who were on the rolls of the Company on or after 1st January 2007 (including Board level appointments).
- Non-executives (including trainees for future employment) on rolls of the Company on or after 1st January 2012.
- New joiners:
- Who joined after 1st January 2007 (Executives including Board level officers).
- Who joined after 1st January 2012 (Non-executives) will be covered from their joining date.
Pension Contributions under Sail Pension Scheme
For Executives: Effective from 1st January 2007
| Time Duration | Pension Contribution |
| 1st Jan 2007 to 31st Mar 2015 | 9% of Basic Pay + DA |
| 1st Apr 2015 to 31st Mar 2018 | 3% of Basic Pay + DA |
For Non-Executives: Effective from 1st January 2012
| Time Duration | Pension Contribution |
| 1st Jan 2012 to 31st Mar 2015 | 6% of Basic Pay + DA |
| 1st Apr 2015 to 31st Mar 2018 | 2% of Basic Pay + DA |
Sail Pension Scheme Eligibility Criteria
The following individuals are eligible to apply for the Sail Pension Scheme:
- Applicants with a minimum of 15 years of service who retire from the Company.
- In cases of death, permanent total disability, or medical invalidation that leads to cessation of service—regardless of service duration.
Required Documents
To register for the Sail Pension Scheme, the following documents are needed:
- PAN Card
- Aadhaar Card of the ex-employee/nominee
- Cancelled Bank Cheque with the name of the ex-employee/nominee
- Proof of deposit for any voluntary contributions, if applicable.
- Death certificate of ex-employee/employee in case of a deceased ex-employee/employee.
How to Download the Sail Pension Scheme Application Form or Apply Online
To register for the Sail Pension Scheme, follow these straightforward steps:
- Visit the Official Website.
- On the homepage, locate the Sail Pension Scheme option.
- Fill in your details:
- SAIL personnel number
- PAN
- Bank account number
- Mobile number
- Aadhaar number
- Upload photographs of yourself and your spouse to complete the registration process.
- Submit the printed Annuity Application Form along with the required documents to initiate the Annuity process.
- Beneficiaries can view details related to company contributions in their pension account, annuity plans, provided rates, pension calculator, scheme/policy information, and contact details of Nodal Officers at their respective Plant/Unit by logging in with PAN and the ex-employee’s date of birth.